Park Aerospace Corp. has recently released its 10-Q report, providing insights into its financial performance and operations. The company, formerly known as Park Electrochemical Corp., is based in Westbury, New York, and specializes in developing and manufacturing advanced composite materials for the aerospace market. It offers a range of materials used in the production of primary and secondary structures for various aircraft, including jet engines, transport aircraft, military aircraft, unmanned aerial vehicles, and business jets. Additionally, the company provides specialty ablative materials for rocket motors and nozzles, as well as materials for radome applications.
In the 10-Q report, Park Aerospace Corp. disclosed its financial overview, stating that its net sales for the 13 weeks and 26 weeks ended August 31, 2025, were $16.4 million and $31.8 million, respectively, compared to $16.7 million and $30.7 million, respectively, in the same periods of the previous year. The company's gross profit margins for the 13 and 26 weeks ended August 31, 2025, were 31.2% and 30.9%, respectively, showing an improvement compared to the prior year's comparable periods. The earnings before income taxes and net earnings also increased in both the 13 weeks and 26 weeks ended August 31, 2025, compared to the same periods in the previous year.
Furthermore, the report highlighted that the company's manufacturing facilities in Newton, Kansas, were damaged by a storm in May 2024, leading to a charge of $1.1 million related to the damage and repair costs. However, there were no corresponding charges in the 26 weeks ended August 31, 2025. The report also mentioned that the company continues to experience inflation in costs of raw materials and supplies, freight costs, and other expenses, but has been able to mitigate the impact through pricing adjustments.
Additionally, the report noted that the company's long-term contracts with customers, some of which represent a substantial portion of its revenue, are primarily requirements-based and do not guarantee quantities, with purchase orders generally received more than three months in advance of delivery. The report also mentioned the company's Business Partner Agreement with ArianeGroup SAS, under which Park is the exclusive North American distributor of ArianeGroup’s RAYCARB C2®B NG proprietary product used in critical rocket and missile systems.
As a result of these announcements, the company's shares have moved 7.56% on the market, and are now trading at a price of $21.20. Check out the company's full 10-Q submission here.
